terminal phase of 'largest bubble on record' , page-13

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    Looks all sound to me TJB

    May 2012 marked the end of a downward trend of some 18 months

    that's the main point.
    There was a peak in late 2010
    2011 and first part of 2012 were negative overall.

    Just from memory but didn't we come back around 4.5% over that period?

    Observation is it seems to be now trending back up

    Not booming, and hope it doesn't. A 4-6% "median"trend would be good for a few years.
 
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